JYP Founder Park Steps Down, Named Billboard Global Power Player Park Jin-young, the founder of JYP Entertainment and former Chief Creative Officer (CCO), has resigned from his role as internal director at the company. The decision comes as he was simultaneously recognized on the “Billboard Global Power Players” list, a prestigious acknowledgment of influential figures in the global music industry. JYP Entertainment announced the resignation on March 10, stating that Park will not seek reappointment as internal director at the upcoming shareholders’ meeting on March 26. In a statement, Park expressed his intention to focus on creative endeavors, including nurturing emerging artists and engaging in external initiatives for the K-pop industry. The Billboard Global Power Players list, released on the same day, included Park Jin-young alongside Jung Wook, CEO of JYP, and Shin Hyun-guk, JYP America’s CEO and Chief Strategy Officer (CSO). This recognition highlights their collective impact on the global music market, excluding the U.S. The list carries significant weight as it annually honors leaders shaping the industry’s direction. Notably, Park and JYP had already demonstrated their influence by ranking 12th in the multi-sector category of the “Billboard Power 100 2026” list, released in January. Billboard’s announcement emphasized JYP’s recent achievements, including record-breaking sales in the second quarter of 2025 and the success of Stray Kids’ world tour. The group’s North American tour alone drew approximately 491,000 attendees, generating $76.2 million in revenue, making it the highest-grossing K-pop tour in the region according to Billboard Boxscore. The company’s artist development system was also praised for its role in cultivating diverse global talent.#park_jin_young #jyp_entertainment #billboard_global_power_players #jung_wook #shin_hyun_guk
